Feb 26, 2015
Clayton Williams Energy's Gap Down from Earnings Scream, "REVERSAL!"
CWEI – Clayton Williams Energy released earnings before the market opened and was severely sold off. These are the kind of potential reversal plays that I look for every day because the reward can be very quick. After the initial sell-off, CWEI consolidated for about an hour and then when it had a break from the consolidation, I called the trade in the Trading Room at $53.78. Within 15 minutes, I sold in 2 stages – for profits of $1.84 per share and $1.49 per share.